Vania Schlogel, founder and managing partner of media and entertainment investment firm Atwater Capital, has been appointed as the independent non-executive director of the Hipgnosis Songs Fund.
In 2017, Schlogel founded the private equity firm Atwater, headquartered in Los Angeles. Your company invests across the media and entertainment sector with an emphasis on companies that promote cultural diversity and works with management teams who advocate strong ESG practices.
Atwater’s investments included Epidemic Sound, where Schlogel has been chairman of the board since 2017. Epidemic recently raised $ 450 million on a $ 1.4 billion valuation from funds managed by Blackstone Growth and EQT Growth.
Schlogel is also chairman of the board of directors of another Atwater holding – a German content production and distribution company. LEONINE studios.
Some in the music industry may know Schlogel best as the former chief investment officer of Roc Nation and the CIO of another then Jay-Z-owned company, TIDAL.
Others will recognize her as a former member of KKR’s private equity team, where she specialized in the media sector and started the Growth Equity division.
Schlogel was with KKR from 2009 to 2014. From 2011 to 2016 she was on the board of directors of BMG – an important KKR investment during her tenure at the investment company.
“Vania has an enormous wealth of experience in both the private and public markets and has extensive knowledge of the music business at the highest level. That is an almost unique combination. “
Merck Mercuriadis, Hipgnosis Songs Fund
Schlogel recently stated in an interview: “When I was at KKR, I made my first investment in BMG Music Publishing. Investing in music rights has become a plat de jour, but back then people thought it was crazy.
“We looked for creative ways to deploy capital and, over the course of three and a half years, made it the world’s largest independent music publisher using a buy-and-build strategy.”
Schlogel began her career in the leveraged finance and capital markets groups at Goldman Sachs in London and LA.
Merck Mercuriadis, Founder of The Family (Music) Limited and Hipgnosis Songs Fund Limited, said, “I am delighted that Vania has agreed to join the board of directors of the Hipgnosis Songs Fund. Vania has an enormous wealth of experience in both the private and public markets and has extensive knowledge of the music business at the highest level. It’s an almost unique combination.
“Hipgnosis did an incredible job creating such an innovative and attractive proposition for investors while supporting some of the most important personalities in music.”
“The work of our board of directors, led by Chairman Andrew Sutch and including Paul Burger, Sylvia Coleman, Simon Holden and Andrew Wilkinson, has been an important part of our success. I am sure that Vania will complement this work perfectly and make very valuable contributions. We are all very happy to welcome Vania to the Hipgnosis family. “
Vania Schlogel said, “Hipgnosis did an incredible job creating such an innovative and attractive proposition for investors while supporting some of the most important personalities in music. I couldn’t be happier to join the board at this exciting time in the company’s development. “
Schlogel now holds a total of 10,000 common shares in the Hipgnosis Songs Fund, representing 0.001% of the company’s issued share capital.
Hipgnosis recently announced its preliminary financial results for the twelve months ended March 2021. The company’s net sales rose 66% year over year to $ 138.4 million.
A recent independent evaluation of Hipgnosis’ catalog found the company’s musical fortune to be worth $ 2.21 billion.Music business worldwide